> I very much doubt this is the case.
The "one missed paycheck away" is cited a lot, but it's not entirely false, if a bit of a hyperbole.
The majority of Americans (recent estimates I believe are around 60%) have no savings, and live paycheck to paycheck. So while not exactly "one missed paycheck away" it's pretty close. More accurate would be to say "Most Americans are one crisis away..."
Median weekly earnings for full-time workers in the US was $1,196 in Q2 - so, half of Americans make even less than that (~4,700/month). That's not a lot, and in a lot of areas of the country, that doesn't leave much room to save much of anything, especially if you have kids and need childcare.
Going off the BLS consumer expenditure survey from 2023 (most recent one I could find), average spent on housing was $25k/year or 2119/month, almost half the median monthly earnings. Just housing. Factor in food, transportation, healthcare, utilities and it's not hard to see how people can, and are, struggling, and are effectively one mishap from falling too far behind to catch up.